The Company has formulated policies for social development that are based on the following guiding principles:

• Honor the spirit of the law and be a responsible corporate citizen.
• Pursue growth through harmony with the community via innovative management techniques.
• Adopt an approach that aims at achieving a greater balance between social development and economic development.
• Respect culture and customs of every project / plant location.
• Work towards elimination of all barriers for the social inclusion of disadvantaged groups - such as the poor, socially backward, differently-able and others.
• Develop practices aimed at inclusive growth.
• Thrust on Environment Protection.

The provisions of Section 135 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 is applicable to the company from the financial year 2014-15.

Board of Directors of the Company has dissolved the CSR Committee of the Board in a duly convened Board Meeting held on 8th March, 2021 and decided to discharge the function of CSR Committee by excersing the option provided to the Board with respect to constitution of CSR Committee as per the amended provisions of Section 135 (9) of the Companies Act, 2013 inserted by the Companies Amendment Act, 2020 w.e.f 22nd January, 2021.

• Establishing a guideline for compliance with the provisions of the Regulations to dedicate a percentage of Company‘s profits for social projects.
• Ensuring the implementation of CSR initiatives in letter and spirit through appropriate procedures and reporting.
• Creating opportunities for employees to participate in socially responsible initiatives.

The Board of Directors shall formulate CSR policy which shall provide information for the activities to be undertaken, expenditure to be incurred on such activities, mode of the implementation of such activities/ programs and shall also establish a transparent mechanism for monitoring the progress of the CSR Policy from time to time.

The Companies Act, 2013 prescribes that the companies which meet the criteria specified U/s. Sec. 135 shall allocate certain portion of its annual net profits (calculated as per Sec. 198) during the three immediately preceding financial years to be spent on CSR Activities that fall under the categories specified under Schedule VII of the Act.

Net profit for the purpose of allocation towards CSR means profit more fully described under Rule 2(f) of the CSR Rules. The CSR expenditure shall include all expenditure including contribution to corpus or on projects or programs relating to CSR activities approved by the Board of Directors but does not include any expenditure on an item not in conformity or not in line with activities stated under Schedule VII of the Act.

The Company may spend up to 5% of the total CSR expenditure in one financial year on administrative expenses relating to the general management and administration of CSR functions in the company.

Any unspent amount, other than unspent amount relating to an ongoing project, will be transferred to a Fund specified in Schedule VII, within a period of six months of the expiry of the financial year. Further, unspent CSR funds of ongoing projects will be transferred within a period of 30 days from the end of the financial year to a special account opened by the company in any scheduled bank called the “Unspent Corporate Social Responsibility Account”. Such amount shall be spent by the company towards CSR within a period of 3 financial years from the date of such transfer, failing which, the company shall transfer the same to a Fund specified in Schedule VII, within a period of 30 days from the date of completion of the third financial year.

If the Company fails to spend the required amount in a particular financial year, it is the duty of the Board of Directors to submit a report specifying the reasons for not spending the amount, which in turn shall be reported by the Board of Directors in their Annual Report pertaining to that particular Financial Year.

The focus areas of the company for CSR activities will be in local urban as well as rural areas in which it is located. The company may also support initiatives in other geographies, as approved by the Board, from time to time.

While we will ensure that all communities benefit from our CSR activities, we would focus on those groups that are socially and economically marginalized. These would include women & girl children.

Project activities and programs identified for the purpose of CSR shall be implemented directly through the Board of Directors of the company.

This CSR policy will be reviewed from time to time and any changes will be approved by the Board of Directors.